Poor, poor....
1 reply
Nothing positive to post, all negatives
- earning down by 50% from same time last year
- stock down over 68% as of June 2020
- CEO retiring next year
- monthly layoffs (700 people let go since Jan 2020)
- old outdated systems though trying to modernize on a shoestring budget
- unable to acquire new customers or diversify into more profitable areas
- continuously shutting down and consolidating warehouses as their business erodes
- unable to afford to remain in their downtown Houston office, looking for cheaper accommodations
- 401K match suspended and employees being forced to take unpaid time off bi-monthly